Socially compassionate strategies by retailers have impressed us today. Walmart is increasing its involvement in a movement to help people re-start their careers after periods of caregiving, and Asos has supported a female customer who was demeaned on a dating app up by giving her a very public last laugh. Enjoy the read and have a great week.




Monday, 06 May 2019





Hello ,

Socially compassionate strategies by retailers have impressed us today. Walmart is increasing its involvement in a movement to help people re-start their careers after periods of caregiving, and Asos has supported a female customer who was demeaned on a dating app up by giving her a very public last laugh. Enjoy the read and have a great week.

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US & Canada


Stocking up ▪ Warren Buffett’s company Berkshire Hathaway has purchased Amazon shares for the first time, with financial details expected to be released in its quarterly report later this month. Meanwhile, Buffett was questioned by a 15-year-old at a shareholder meeting about youth and delayed gratification. Check out his response.



Creating opportunities ▪ Walmart is growing its alliance with Path Forward, an organisation that supports people re-joining the workforce after taking time out for caregiving responsibilities. This year the retail giant hopes to assist 100 candidates take part in paid four-month ‘returnships’. Meanwhile, in Canada Walmart has earmarked USD 200 million to remodel over 30 stores.



Who’s growing? ▪ Amazon has divulged a list detailing which American states have the fastest growing small and medium sized businesses. There are a few surprises in there, with large rural states taking out some of the top spots.




Europe


Employment matters ▪ Carrefour seems set to increase its job cuts to 3,000 across its large hypermarket stores in France and is negotiating a voluntary retirement scheme with unions. In Britain, grocery chain Asda is facing pressure from parliamentary representatives to end its controversial new pay proposals.



Rewarding loyalty ▪ Lidl’s new app-based loyalty programme ‘Lidl Plus’ is set to be launched in Germany, following a successful pilot in other European countries. Consumers scan the app during checkout to receive discounts, reach spending milestones and other deals.



Transformative measures ▪ Swedish flat-pack giant Ikea has chosen Peter Jelkeby to lead its UK and Ireland division as country retail manager. Meanwhile, check out this in-depth examination of how Ikea plans to make good on its sustainability pledge to reduce emissions by 80%.



Profits and performers ▪ Adidas is celebrating a first quarter victory, beating expectations with a 17% rise in profit and causing its share to jump to a record high. In response to queries about its questionable celeb partnership with controversial rapper Kanye West, CEO Kasper Rorsted says he isn’t losing any sleep over it.




Asia & Australasia


Desperate times, desperate measures ▪ KFC’s Chinese arm is responding to increased poultry costs by serving parts of chicken not usually on the menu. The fast food retailer may also look to offer ‘some sort of ingredient’ other than chicken as it deals with the fallout from China’s trade war with America and the spin-off effects of the African Swine Flu epidemic.



Ice cream deal ▪ Global ice cream major Froneri, a joint venture co-owned by food giant Nestle, is reportedly in talks to finalise the acquisition of Fonterra's New Zealand-based Tip Top business. The purchase is said to be worth NZD 375 million. Froneri's portfolio includes the popular Movenpick brand.




Weird and wonderful


Food fads ▪ The global palette is certainly changing, and retailers are hurrying to keep up. Dunkin’ is moving well beyond its iconic doughnut offerings, with plans to introduce plant-based proteins on its breakfast menu, and German retail giant Kaufland is offering lower-carbohydrate potatoes in response to growing demand for low-carb foods.



Twitter storm ▪ Asos is ‘sticking it to the man’ by leaping to a female customer’s defence on Twitter, after she was randomly outfit shamed on Tinder. In response to the man’s claims that the woman’s dress, ‘wasn’t doing her any favours’ the high-end fashion retailer featured her as a model for the dress on their website, gaining kudos from the Twittersphere in the process.